EDMONTON, May 8, 2014 /CNW/ - AutoCanada Inc. ("AutoCanada") (TSX:ACQ)
will correct its recently issued Management's Discussion and Analysis
("MD&A") dated May 8, 2014. On page 21 of the MD&A, we noted, "As a
result, management has increased its guidance to one dealer group and
nine to eleven additional dealerships by March 31, 2015." AutoCanada
notes a typographical error and will replace "March 31, 2015" with
"March 31, 2016".
AutoCanada is one of Canada's largest multi-location automobile
dealership groups, currently operating 34 franchised dealerships in
seven provinces and has approximately 1,600 employees. AutoCanada
currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Chevrolet, GMC,
Buick, Cadillac, Infiniti, Nissan, Hyundai, Subaru, Mitsubishi, Audi,
and Volkswagen branded vehicles. In 2013, our dealerships sold
approximately 36,000 vehicles and processed approximately 364,000
service and collision repair orders in our 381 service bays during that
Additional information about AutoCanada Inc. is available at www.sedar.com and the Company's website at www.autocan.ca.
SOURCE: AutoCanada Inc.
For further information:
Jeff Christie, CA
Phone: (780) 732-7164